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DATATRAK International, Inc. Announces First Quarter Results for 2009
Date:5/13/2009

n shares from the NASDAQ Capital Market; and general economic conditions such as the rate of employment, inflation, interest rates and the condition of capital markets. This list of factors is not all-inclusive. In addition, the Company's success depends on the outcome of various strategic initiatives it has undertaken, all of which are based on assumptions made by the Company concerning trends in the clinical research market and the health care industry. The Company undertakes no obligation to update publicly or revise any forward-looking statement whether as a result of new information, future events or otherwise.

                    DATATRAK International, Inc. and Subsidiaries
                      Condensed Consolidated Balance Sheet Data
                                      (Unaudited)

                                       March 31, 2009  December 31, 2008
                                       --------------  -----------------
    Cash and investments                   $2,077,513         $2,372,294
    Restricted cash - current                       -            218,276
    Accounts receivable, net                1,187,661            927,490
    Property & equipment, net                 679,803            785,549
    Deferred tax assets                       136,500            145,400
    Other                                     232,815            198,131
                                              -------            -------
       Total assets                        $4,314,292         $4,647,140
                                           ==========         ==========

    Accounts payable and other current
     liabilities                           $2,008,149         $1,825,735
    Deferred revenue - current              1,103,807          1,053,096
    Long-term liabilities                   1,669,823          1,446,923
    Shareholders' equity                     (467,487)           321,386
   
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SOURCE DATATRAK International, Inc.
Copyright©2009 PR Newswire.
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